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List of banks in China

This is a list of banks in China, including mainland China, Hong Kong and Macau.

The central bank of the People's Republic of China is the People's Bank of China, a component of the State Council, the Central Government of China. The People's Bank of China is mainly responsible for issuing the Renminbi and administering its circulation, in addition to formulating and implementing monetary policy in accordance with Chinese law.[1] Its counterparts in the special administrative regions of Hong Kong and Macau are the Hong Kong Monetary Authority and the Monetary Authority of Macao respectively, both of which serve as their respective locale's currency board and de facto central bank.

Banks in Mainland China

All banks, save the People's Bank of China, are under the supervision of China Banking and Insurance Regulatory Commission.

Policy banks

China has three policy banks. Among them, China Development Bank was incorporated in December 2008 and officially defined by the State Council as a development finance institution in March 2015.[2]

State-owned Commercial Banks

China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount as of 2018. Banks with asterisks (*) are the four major state-owned banks (i.e. the "Big Four" banks).

Bank of Communications was founded in 1908. On 1 April 1987, it was restructured and re-commenced operations as the first state-owned bank in China.

Postal Savings Bank of China has the most outlets of any retail bank in China (~40,000).[3] Over 80% of its outlets accompany China Post post offices.

Commercial banks

China has 12 national commercial banks. These banks are ordered by their Tier 1 capital amount as of 2018.

Urban commercial banks

Urban commercial banks were transferred from urban credit cooperatives established in 1980s and 1990s. As of mid-2023, there were approximately 125 city commercial banks (urban commercial banks) operating in China. These institutions are distinct from the six large state-owned commercial banks and 12 joint-stock commercial banks, functioning as local, city-level, or regional financial entities that have been consolidating in recent years.

Rural Commercial Banks

Rural commercial banks were converted from rural credit cooperatives and play an important role in rural financial needs. Some rural commercial banks include Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank, Chongqing Rural Commercial Bank, Jiangsu Jingjiang Rural Commercial Bank.

Internet Banks and other private banks

  • WeBank (China) (Shenzhen) – The first private bank and Internet bank in China, initiated by Tencent.
  • MYbank (Hangzhou) – Internet bank in China, established by Ant Financial Services Group
  • Shanghai Huarui Bank
  • Wenzhou Minshang Bank
  • Liaoning Zhenxing Bank

Other banks

  • Bank of Kunlun (昆仑银行)[7]
  • SiliBank (实利银行)
  • Bank of Lanzhou[8][9]
  • Bank of Gansu[10]

Branches and subsidiaries of foreign banks

The China Banking Regulatory Commission (CBRC) announced its approval for nine foreign-funded banks (marked with the "#" sign below) to start their preparatory work for setting up local corporations in China on 24 December 2006.[11][12][13][14] Following this, additional banks have been able to incorporate locally.

The following is a non-exhaustive list. Asterisks (*) indicate that the bank does not service individuals.

Banks in the Special Administrative Regions

Hong Kong

The currency board and de facto central bank[15][16][17] of Hong Kong is Hong Kong Monetary Authority. Banknotes of the Hong Kong Dollar, the official currency of the HKSAR, is issued by Hong Kong Monetary Authority, Bank of China (Hong Kong), HSBC and Standard Chartered Bank (Hong Kong).[18]

Part of commercial banks in Hong Kong are listed below.

Macau

The currency board and de facto central bank of Macau is the Monetary Authority of Macao. Banknotes of the Macau pataca, the official currency of the Macau SAR, is issued by Banco da China, Sucursal de Macau and Banco Nacional Ultramarino.

Some commercial banks in Macau are listed below:

  • Well Link Bank, S.A. – Well Link Bank, S.A.
  • OCBC Wing Hang Bank Limited – Banco Weng Hang, S.A.
  • Banco Delta Asia Limited – Banco Delta Ásia, S.A.R.L.
  • China Construction Bank (Macau) Corporation Limited – Banco de Construção da China (Macau), S.A.
  • Industrial and Commercial Bank of China (Macau) – Banco Industrial e Comercial da China (Macau), S.A.
  • Luso International Banking Limited – Banco Luso Internacional, S.A.
  • Banco Comercial de Macau, S.A. – Banco Comercial Português, S.A.
  • The Macau Chinese Bank Ltd. – Banco Chinês de Macau, S.A.
  • Banco Nacional Ultramarino, S.A. – Banco Nacional Ultramarino, S.A.

See also

  • People's Bank of China – the central bank of China
  • Cross-Border Inter-Bank Payments System
  • List of banks in Hong Kong
  • List of banks in Macau

External links

References

  1. Purposes and Functions People's Bank of China, retrieved 2019-02-12^
  2. About CDB China Development Bank, retrieved 2019-02-12^
  3. About Post Savings Bank of China Post Savings Bank of China, 2016-03-24, retrieved 2019-02-12^
  4. Steven Davidoff Solomon. Alibaba Investors Will Buy a Risky Corporate Structure New York Times (Dealbook blog), 6 May 2014, retrieved 12 Jun 2017^
  5. Kane Wu. 5 Things to Know About China's Ant Financial Wall Street Journal, 26 Apr 2016, retrieved 12 June 2017^
  6. Eva Dou. Alibaba Affiliate Ant Financial Begins Second Round of Financing: Major Force in China's Electronic-Finance Sector Takes Another Step Toward a Public Listing Wall Street Journal, 4 January 2016, retrieved 12 June 2017^
  7. About KLB Bank of Kunlun, retrieved 2018-07-25^
  8. Hoi Shan Chan. Chinese Central Bank Fines Bank of Lanzhou for Breach of Settlement Rules S&P Global, 4 February 2018, retrieved 2021-01-28^
  9. Bank of Lanzhou CB Insights, retrieved 2021-01-28^
  10. Gānsù yínháng (2139.HK) IPO diǎnpíng: Gǎnggǔ 2018 yínháng IPO dì yī gǔ, qūyù lǐngxiān de guóyǒu chéng shāngháng Zhōng jīn zàixiàn xiānggǎng, 2018-01-03^
  11. The CBRC Gives Nod to Nine Foreign Banks on Preparing Local Incorporation China Banking Regulatory Commission^
  12. KU, Highland College Sponsor Business Seminar financialrealtime.com China Approves Local Registration of 9 Foreign-Funded Banks Ningbo Foreign Trade & Economic Cooperation Bureau^
  13. Junling 李峻岭 Li. Wàizī fǎrén yínháng luòhù Shànghǎi tūxiǎn jīnróng zhōngxīn jíjù xiàoyìng Xīnhuá wǎng, 2006-12-26, retrieved 2007-05-22^
  14. 9 jiā wàizī yínháng shuàixiān huòzhǔn gǎizhì chóujiàn fǎrén yínháng Xīnhuá wǎng, 2006-12-24, retrieved 2007-05-22^
  15. Yum K. Kwan, Francis T. Lui, Leonard K. Cheng. Credibility of Hong Kong's Currency Board: The Role of Institutional Arrangements Regional and Global Capital Flows: Macroeconomic Causes and Consequences, University of Chicago Press, January 2001^
  16. Miron Mushkat. The Hong Kong Currency Board's Defense Against Financial Market Pressure: A Behavioral Perspective The Developing Economies, 2002^
  17. Douglas W. Arner, Berry F. C. Hsu, Antonio M. Da Roza. Financial Regulation in Hong Kong: Time for a Change Asian Journal of Comparative Law, January 2010^
  18. Hong Kong Monetary Authority - Notes Hong Kong Monetary Authority, retrieved 28 January 2026^